MD

2014-06-13

Saturday, October 25, 2014

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June 13, 2014 - 11:05am

Funding increases for higher education approved in state budget

BY SHOHAM GEVA

In one of its last acts before the summer recess, Michigan’s state legislature approved several pieces of the fiscal year 2015 budget Wednesday night, including increases in higher education funding.

Under the budget, funding for public universities in the state is set to rise by 5.9 percent, which is roughly equal to the 6.1 percent increase suggested by Governor Snyder in his February executive budget proposal. The University’s three campuses are collectively set to see an increase of 18.5 million, with the Ann Arbor campus receiving an increase of 15.9 million, the University of Michigan-Dearborn receiving a 1.2 million increase, and the University of Michigan-Flint receiving a 1.4 million increase.

This represents a noticeable departure from previous state budgets over the past decade, in which education funding has typically been cut. However, the rises will be contingent upon the University holding in-state undergraduate tuition rate increases for 2015 to 3.2 percent.


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